MJ Insight

Explore MJ Insight, where we cover trending topics, provide industry insights, and keep you up-to-date on the latest compliance regulations.

Retirement
Retirement

WHAT ARE “TRUMP ACCOUNTS” (530A ACCOUNTS)—AND SHOULD EMPLOYERS CARE? 

At MJ’s recent Economic Outlook, our team shared perspectives on the forces shaping today’s business and benefits landscape—from rising healthcare costs to evolving insurance market dynamics and emerging retirement considerations. In this series, we’re breaking down key takeaways from our (…)

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Benefits+
View of the U.S. Capitol building framed by the marble columns of the Supreme Court, with an American flag visible in the background against a clear sky.
PUBLISHED November 18th, 2024

Employee Benefit Plan Deadline Relief Issued Due to Recent Natural Disasters

Bryan Gross

On Nov. 8, 2024, federal agencies issued deadline relief to ensure that employee benefit plans, participants, beneficiaries, qualified beneficiaries and claimants in disaster areas …

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Leave and Absence Management
Close-up of a sticky note labeled "Paid Leave" placed on a calendar with a pen beside it, symbolizing time off and employee benefits.
PUBLISHED November 5th, 2024

Tale of Two Employers: Early Learnings from the Launch of Colorado’s Paid Leave Insurance Program

Courtney Hutchison

Colorado is a leader in family-supporting policies and one of 13 states with paid family and medical leave laws. As such, we are trailblazers …

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Benefits+
United States Capitol building in Washington, D.C., featuring its iconic dome and statue on top, surrounded by clear blue skies and trees. The image highlights the architectural grandeur and historical significance of the Capitol, a symbol of American democracy.
PUBLISHED November 5th, 2024

IRS Announces 2025 Retirement Plan Limits

Bryan Gross

The IRS has released Notice 2024-80, containing cost-of-living adjustments for 2025 that affect amounts employees can contribute to 401(k) plans and individual retirement accounts …

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Benefits+
United States Capitol dome with a statue on top, featuring an airplane flying in the background against a cloudy sky.
PUBLISHED October 23rd, 2024

IRS Releases Health FSA Limit for 2025

Bryan Gross

On Oct. 22, 2024, the IRS released Revenue Procedure 2024-40 (Rev. Proc. 24-40), which includes the inflation-adjusted limit for 2025 on employee salary reduction …

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Benefits+
View of the U.S. Capitol building framed by the marble columns of the Supreme Court, with an American flag visible in the background against a clear sky.
PUBLISHED October 21st, 2024

IRS Expands List of Preventive Care Benefits for HDHPs

Bryan Gross

The IRS has expanded the list of preventive care benefits permitted to be provided by an HDHP without a deductible. If you administer a …

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Benefits+
United States Capitol dome with a statue on top, featuring an airplane flying in the background against a cloudy sky.
PUBLISHED October 14th, 2024

Telehealth Relief Permitting HSA Eligibility Set to Expire 2025

Bryan Gross

To encourage individuals to avoid hospitals when appropriate during the COVID-19 health crises, Congress passed relief permitting coverage for telehealth services before satisfying the …

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Benefits+
A hand inserting a ballot into a wooden voting box, symbolizing civic engagement and the democratic process.
PUBLISHED October 1st, 2024

Employer Considerations for Navigating Election Season 

Bryan Gross

Election season can be a fraught time for employers. Employers are often faced with the challenge of fostering a culture of open communication while …

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Benefits+
United States Capitol building in Washington, D.C., featuring its iconic dome and statue on top, surrounded by clear blue skies and trees. The image highlights the architectural grandeur and historical significance of the Capitol, a symbol of American democracy.
PUBLISHED September 20th, 2024

EBSA Releases Updated Cybersecurity Guidance for Employee Benefit Plans

Bryan Gross

Through Compliance Assistance Release No. 2024-01, the U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) is confirming that the cybersecurity guidance it issued …

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Benefits+
View of the U.S. Capitol building framed by marble columns, with an American flag in the foreground and lush greenery surrounding the iconic structure.
PUBLISHED September 17th, 2024

Pay-or-Play Affordability Percentage Will Increase for 2025

Bryan Gross

On Sept. 6, 2024, the IRS released Revenue Procedure 2024-35 to index the contribution percentage in 2025 for determining the affordability of an employer’s …

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Benefits+
Dome of the U.S. Capitol building in Washington, D.C., with a plane flying in the background on a cloudy day.
PUBLISHED September 6th, 2024

Increased Civil Penalty Amounts for SBC, MSP, HIPAA Violations

Bryan Gross

On Aug. 8, 2024, the U.S. Department of Health and Human Services (HHS) published a final rule increasing key penalties affecting group health plans. …

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Benefits+
United States Capitol building in Washington, D.C., featuring its iconic dome and statue on top, surrounded by clear blue skies and trees. The image highlights the architectural grandeur and historical significance of the Capitol, a symbol of American democracy.
PUBLISHED August 30th, 2024

Upcoming Deadline: MLR Rebates

Bryan Gross

Employers with insured group health plans may soon receive a medical loss ratio (MLR) rebate from their health insurance issuers. Issuers who did not …

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Risk Management
Analytics dashboard displaying traffic sources overview with pie chart and visitors graph, highlighting direct traffic, search engines, and referring sites, alongside visitor statistics. Coffee cup in the background.
PUBLISHED August 27th, 2024

The Truth About Captives

Byron Shultz

More control and greater potential for financial reward are two benefits of captives. But you may be wondering if it’s worth making the switch. …

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